Regional Banks Tumble Again, Paramount Minus, CEO on Biggest U.S. IPO Since 2021 5/4/23

One day after the Fed's tenth consecutive rate hike, Carl Quintanilla, Jim Cramer and David Faber discussed another rough session for regional banks. Shares of First Horizon plunged after its deal to be acquired by TD Bank was scrapped. PacWest also tumbled -- the bank is mulling strategic options including a possible sale. Hear what Jim had to say about "excellent banks" that are getting crushed. Also in focus: What to expect from Apple's after-the-bell earnings, Paramount posts a Q1 miss and slashes its dividend, Qualcomm's weaker-than-expected guidance overshadows a quarterly beat, The CEO of J&J consumer health spin-off Kenvue visited Post 9 to discuss his company going public with the biggest U.S. IPO since November 2021. Squawk on the Street Disclaimer